Biden campaign burning through funds at rate tough to sustain

Joe Biden’s campaign burn rate is one of the highest of any top-tier presidential primary candidate since 2008, in July through September spending 12.1% more than it took in and more than 30% higher than his chief rivals, such as Elizabeth Warren and Bernie Sanders, according to data analyzed by the Washington Examiner.

In the third quarter of 2019, covering July through September, Biden’s campaign raised $15.7 million and spent $17.6 million. The only candidate with a higher spending deficit was California Sen. Kamala Harris, who raised $11.8 million and spent $14.5 million, a 122.9% burn rate.